Radware (NASDAQ:RDWR) Issues Q2 Earnings Guidance

Radware (NASDAQ:RDWRGet Rating) updated its second quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.19-0.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.20. The company issued revenue guidance of $75-76.5 million, compared to the consensus revenue estimate of $75.80 million.

Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Radware from a sell rating to a hold rating in a report on Wednesday, April 13th. TheStreet lowered Radware from a b rating to a c rating in a report on Wednesday, February 9th. Finally, StockNews.com started coverage on Radware in a report on Thursday, March 31st. They set a buy rating for the company. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Buy and a consensus target price of $39.00.

Shares of NASDAQ RDWR opened at $29.49 on Tuesday. The firm’s fifty day moving average price is $31.95. Radware has a 1-year low of $26.65 and a 1-year high of $42.19. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 184.32, a price-to-earnings-growth ratio of 63.54 and a beta of 1.05.

Radware (NASDAQ:RDWRGet Rating) last posted its earnings results on Wednesday, February 9th. The information technology services provider reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.03). The company had revenue of $76.64 million for the quarter, compared to analysts’ expectations of $75.35 million. Radware had a return on equity of 5.77% and a net margin of 2.73%. During the same quarter in the prior year, the company earned $0.11 EPS. On average, research analysts anticipate that Radware will post 0.46 EPS for the current year.

Several large investors have recently bought and sold shares of RDWR. Wells Fargo & Company MN purchased a new stake in shares of Radware during the second quarter worth $71,000. Squarepoint Ops LLC purchased a new stake in shares of Radware during the fourth quarter worth $245,000. Royal Bank of Canada lifted its position in shares of Radware by 50.1% during the third quarter. Royal Bank of Canada now owns 8,461 shares of the information technology services provider’s stock worth $285,000 after acquiring an additional 2,823 shares in the last quarter. UBS Group AG lifted its position in shares of Radware by 6.0% during the third quarter. UBS Group AG now owns 10,657 shares of the information technology services provider’s stock worth $359,000 after acquiring an additional 607 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Radware during the fourth quarter worth $429,000. Hedge funds and other institutional investors own 76.78% of the company’s stock.

About Radware (Get Rating)

Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for applications in physical, virtual, cloud, and software defined data centers worldwide. The company offers DefensePro, a real-time network attack mitigation device; AppWall, a Web application firewall; Radware Kubernetes WAF, a Web application firewall solution for CI/CD environments orchestrated by Kubernetes; and DefenseFlow, a cyber-command and control application.

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